Four items on area businesses for May 10, 2019

Friday

May 10, 2019 at 12:01 AM

Send news about your local business to MWBusiness@wickedlocal.com. We’re interested in news about business people, expansions, openings and community involvement by MetroWest businesses and business people. Follow Daily News Business Editor Bob Tremblay on Twitter @Bob Tremblay_MW

Framingham's RAIN Group honored by Selling Power

RAIN Group, a Framingham-based global sales training and performance improvement company, has been named to Selling Power’s Top 20 Sales Training Companies list for the fourth consecutive year. Providing sales training solutions since 2002, RAIN Group was recognized for its training and retention offerings, innovative solutions and services developed, and unique contributions to the sales training marketplace. Participants were required to complete a comprehensive application and clients submitted a brief survey on their experience working with the training provider and the results provided. Details on the Selling Power Top 20 Sales Training Companies 2019 list is available at: https://www.sellingpower.com/resources/2019/top-20-sales-training-companies. RAIN Group's global office locations include Bogotá, Geneva, Johannesburg, London, Mumbai, Seoul, Sydney and Toronto. For more information, visit www.raingroup.com.

Waltham's AMAG reports first quarter financial results

Waltham-based AMAG Pharmaceuticals recently reported unaudited consolidated financial results for the first quarter ended March 31 and provided a business update. Total revenue for the first quarter of 2019 was $75.8 million, compared with $117.4 million in the same period last year. Makena (hydroxyprogesterone caproate injection) revenues were $31.3 million in the first quarter, compared with $90 million in the same period last year. This decline was primarily due to the mid-2018 entry of generic competition to the Makena intramuscular product, as well as IM supply constraints in the quarter, according to AMAG. Feraheme (ferumoxytol injection) first quarter 2019 revenues increased to a record $40 million, or 59 percent, over the same period last year. Intrarosa (prasterone) realized significant growth in net price as well as volume growth in the first quarter of 2019, as compared to the prior year period. The company reported an operating loss of $117.7 million in the first quarter of 2019, compared with an operating loss of $50.8 million in the first quarter of 2018. Included in the loss in the first quarter of 2019 was a $74.9 million accounting impact related to the acquisition of Perosphere Pharmaceuticals, which closed in the quarter. For more information, visit www.amagpharma.com.

Maynard's Kuebix to open an office in Phoenix, Arizona

Kuebix, a Maynard-based creator of a transportation management system that enables companies to capitalize on supply chain opportunities through control, visibility and the use of predictive analytics, will officially open an office in Phoenix, Arizona, later this month. The new location will be led by Dhimitraq Jorgji, a software engineering manager who has been an integral part of the company for more than 5 years. Jorgji’s team will comprise top engineering talent from the southwest region of the country, according to Kuebix. As demand for Kuebix’s cloud-based transportation management system increases with more than 16,000 companies already using the system, this new team will support the technology’s advanced functionality and work to continue providing Kuebix users with time and cost-saving features. Kuebix already has more than 100 employees in its Maynard headquarters. For more information, visit www.kuebix.com.

HuHot Mongolian Grill wins Patronix Loyalty Award

Paytronix Systems Inc., a Newton-based digital guest experience platform, this week announced that HuHot Mongolian Grill has won the 2019 Paytronix Loyalty Award for Marketing Innovation. HuHot found that overall customers spent a whopping 80 percent more than the cost of the pass during the six months in which its Grill Pass campaign ran. Grill Passes gave HuHot customers the opportunity to pre-purchase 5, 11, or 25 discounted grill meals for redemption in the future. Pass holders then had up to six months to redeem their pass. HuHot reported high-impact results included total sales reaching more than half a million dollars with $280,000 in incremental sales, a 30 percent increase in visits from Grill Pass purchasers during the redemption period, Grill Pass subscribers spending 44 percent more than usual during the redemption period and the Paytronix platform delivering a frictionless guest experience for purchasing and redeeming the Grill Passes by allowing HuHot to customize its program and integrate loyalty functionality with its own point-of-sale system. Based in Missoula, Montana, HuHot Mongolian Grill is an American restaurant chain specializing in a create-your-own stir fry cuisine. For more information, visit www.paytronix.com/resources/huhot-case-study

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